Labour market institutions and income inequalities across the European Union
Malgorzata Szczepaniak () and
Agnieszka Szulc-Obloza ()
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Malgorzata Szczepaniak: Nicolaus Copernicus University in Torun
Agnieszka Szulc-Obloza: Nicolaus Copernicus University in Torun
Ekonomia i Prawo, 2019, vol. 18, issue 3, 365-377
Motivation: Labour market institutions are currently considered as the basic condition for high level of economic development. Decreasing income inequalities on contrary are among the main objectives of macroeconomic policy in the European Union (Europe 2020 Strategy), because unequal distribution may result in lower growth and development rates. The research done in the article is consisted with the institutional theory (D.C. North’s interpretation). Aim: The main aim of the article is to analyse the relations between labour market institutions and income inequalities. There is also an attempt to answer the question if rigid labour market institutions reduce income inequality in European countries. This article provides a taxonomic analysis of labour market institutions in the EU countries. Data from Eurostat, World Bank, Fraser Institute, OECD are used. The article covers selected years: 2010 and 2016. Results: The countries were grouped according to the level of labour market institutions and in regard to income inequalities. The differences between the members of the groups were analysed between 2010 and 2016. Article ends with conclusions connected with rules shaping decisions on the labour market as well as relations between inequalities and institutions.
Keywords: income inequalities; labour market; institutions (search for similar items in EconPapers)
JEL-codes: B52 D63 E02 J88 O43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:18:y:2019:i:3:p:365-377
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